Adi Godrej, President, Confederation of Indian Industry (CII), remarked that coal blocks allocated under due process should not be cancelled, as any such cancellation will adversely impact business sentiment. He also said that the judiciary should only interfere if there is any violation of law.
Tag: coal blocks
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Coal needs telecom treatment
The Comptroller & Auditor-General’s (CAG) report estimates a deemed loss to the exchequer of Rs 1.86 lakh crore because of non-competitive allotment of 149 coal blocks.
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Coal block allocation
In order to clarify doubts raised on allocation of coal blocks to private companies for captive use during 2004-2009, Coal Ministry said these blocks were allocated to promote development of infrastructure.
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The Reasonability of Auction
The 2G spectrum verdict on the astonishing day of 2 February pronounced a cancellation of all 121 permits given after 10 January 2008 by the then Telecom Minister A Raja. There is a fundamental flaw in the principle of first-come-first-served in the distribution of state-owned natural resources,
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Infrascape 2012 | EPC: Roads may offer best opportunity
Essar Projects has seen a fair amount of movement in the EPC market in India. NHAI's long overdue push to align commercial and contractual environment for augmenting India's road infrastructure began to deliver results in FY2012.
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NLC eyes on cancelled NTPC coal blocks
The Union Government received request from Neyveli Lignite (NLC) to allocate three coal blocks that were recently withdrawn from NTPC.
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Locals receive coal blocks
Coal Minister S Jaiswal approved a policy for small and isolated coal blocks that are economically unviable but are enough to feed local demand.